Powell Industries (NASDAQ:POWL) Raised to “Buy” at StockNews.com

Powell Industries (NASDAQ:POWL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

POWL has been the topic of several other reports. Roth Mkm assumed coverage on Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Roth Capital raised Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Stock Down 2.9 %

Shares of POWL stock opened at $158.20 on Tuesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.98 and a beta of 0.83. The business’s fifty day moving average is $220.19 and its 200 day moving average is $234.64. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. Equities research analysts expect that Powell Industries will post 13.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of POWL. Principal Securities Inc. bought a new position in shares of Powell Industries during the fourth quarter valued at $26,000. Quest Partners LLC purchased a new stake in shares of Powell Industries during the third quarter worth about $35,000. Smartleaf Asset Management LLC grew its position in shares of Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Powell Industries during the fourth quarter worth about $40,000. Finally, GeoWealth Management LLC grew its position in shares of Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 99 shares in the last quarter. 89.77% of the stock is owned by institutional investors.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.